Common use of Ownership of Sponsor Units in the Partnership Clause in Contracts

Ownership of Sponsor Units in the Partnership. Assuming no purchase by the Underwriters of Option Securities, after giving effect to the Pre-Closing Transactions, at the Closing Date, CONE will own 11,663,121 Common Units (the “Sponsor Common Units”) and 29,163,121 Subordinated Units (the “Sponsor Subordinated Units,” and together with the Sponsor Common Units, the “Sponsor Units”); such Sponsor Units will have been duly authorized and validly issued in accordance with the Amended and Restated Partnership Agreement, and will be fully paid (to the extent required under the Amended and Restated Partnership Agreement) and non-assessable (except as such non-assessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act); and CONE will own the Sponsor Units free and clear of all Liens, other than Liens created or arising under (a) the Amended and Restated Partnership Agreement and (b) the Delaware LP Act.

Appears in 2 contracts

Samples: Underwriting Agreement (CONE Midstream Partners LP), Underwriting Agreement (CONE Midstream Partners LP)

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Ownership of Sponsor Units in the Partnership. Assuming no purchase by the Underwriters of Option SecuritiesUnits, after giving effect to the Pre-Closing Transactions, at the Closing DateTime, CONE CONSOL Energy will own 11,663,121 1,611,067 Common Units (the “Sponsor Common Units”) and 29,163,121 11,611,067 subordinated units representing limited partner units in the Partnership (“Subordinated Units” and, such Subordinated Units (owned by CONSOL Energy, the “Sponsor Subordinated Units,” and together with the Sponsor Common Units, the “Sponsor Units”); such Sponsor Units will have been duly authorized and validly issued in accordance with the Amended and Restated Partnership Agreement, and will be fully paid (to the extent required under the Amended and Restated Partnership Agreement) and non-assessable (except as such non-assessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act); and CONE CONSOL Energy will own the Sponsor Units free and clear of all Liens, other than Liens created or arising under (a) the Amended and Restated Partnership Agreement and (b) the Delaware LP Act.

Appears in 1 contract

Samples: Underwriting Agreement (CNX Coal Resources LP)

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Ownership of Sponsor Units in the Partnership. Assuming no purchase by the Underwriters of Option SecuritiesUnits, after giving effect to the Pre-Closing Transactions, at the Closing DateTime, CONE CONSOL Energy will own 11,663,121 [●] Common Units (the “Sponsor Common Units”) and 29,163,121 [●] subordinated units representing limited partner units in the Partnership (“Subordinated Units” and, such Subordinated Units (owned by CONSOL Energy, the “Sponsor Subordinated Units,” and together with the Sponsor Common Units, the “Sponsor Units”); such Sponsor Units will have been duly authorized and validly issued in accordance with the Amended and Restated Partnership Agreement, and will be fully paid (to the extent required under the Amended and Restated Partnership Agreement) and non-assessable (except as such non-assessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act); and CONE CONSOL Energy will own the Sponsor Units free and clear of all Liens, other than Liens created or arising under (a) the Amended and Restated Partnership Agreement and (b) the Delaware LP Act.

Appears in 1 contract

Samples: Underwriting Agreement (CNX Coal Resources LP)

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